Profit and Loss Practice Test 7

Question : 20 of 40

Marks: +1, -0

The price of an article has been reduced by 25%. In order to restore the original price, the reduced price must be increased by:

Solution:

Let the marked price of an article = Rs 100
Reduced price percentage = 25%
New marked price

= 100-{25×100}/100=75

Increase in reduced price

={100-75}/75×100

=100/3=33 1/3%

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